Klépierre : The right vehicle to play the recovery in shopping centres!
>Confidence regarding the upturn in activity - Based on its quarterly publication and the prospect of reopening (95% by end May vs 55% on 7 May), management is confident on the rapid recovery of its activity. After updating our model, we now forecast a 2021e NCCF/share of € 1.80, in line with the new guidance, bearing in mind that several elements could help to underpin this target or raise it:The collection rate should continue to improve: we understand that ten...Klepierre specializes in the development, rental, and asset management of real estate properties in 13 Continental Europe countries. Co. also provides services to third party customers. Co.'s properties include shopping centers, office buildings and shops. It structures its operation into business segments and geographic regions: Shopping centers are structured into 6 operating segments, and the remaining two operating segments are Retail Assets and Office Buildings. As of Dec 31 2013, Co.'s portfolio comprised 91 centers in France/Belgium, 25 centers in Scandinavia, 35 centers in Italy, 76 centers in Spain/Portugal, 23 centers in Central Europe, and 6 centers in other countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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